Valmark Advisers Inc. acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 27,371 shares of the exchange traded fund’s stock, valued at approximately $7,251,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYW. Go Invest LLC bought a new position in iShares U.S. Technology ETF during the 3rd quarter valued at $30,000. WestEnd Advisors LLC bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth $31,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at $36,000. Tompkins Financial Corp acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at $40,000. Finally, Bangor Savings Bank acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at $42,000. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Trading Down 1.3%
IYW stock traded down $3.11 during trading hours on Friday, hitting $232.18. 497,509 shares of the stock traded hands, compared to its average volume of 1,063,707. The stock has a 50-day simple moving average of $253.99 and a 200 day simple moving average of $231.07. The company has a market cap of $23.19 billion, a P/E ratio of 26.89 and a beta of 1.37. iShares U.S. Technology ETF has a one year low of $172.54 and a one year high of $274.44.
iShares U.S. Technology ETF Profile
iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.
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